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ABRAJ posts net income of $0.06 million in Q1 2023


According to the financial statements of Al-Wataniah Towers Company ABRAJ for the1st Quarter of 2023, Net profit after tax of the period reached 61,788 USD Compared with Net profit after tax 77,169 USD for 2022, a net decrease in profit of 19.93%.Total assets of the company reached 30,303,337 USD compared with total assets of 30,352,040 USD at the end of year 2022, a net decrease of 0.16%.Total liabilities of the company reached 5,101,343 USD compared with total liabilities of 2,617,999 USD at the end of year 2022, a net increase of 94.85%. Net ownership equity of the company reached 25,201,994 USD compared with total owner equity of 27,734,041 USD at the end of year 2022, a net decrease of 9.13%.



Al-Quds Index in the red zone amid medium-volume trading

Al-Quds Index continued to decline amid lack of general incentives

The PEX records average PE of 19.7x and average P/BV of 1.10x in Q1 2024

JCC approves distributing 10% cash dividends for the year 2023



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